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Nonprofit · EIN 45-4025396

FASHION ARTS COLLECTIVE

Tax-exempt (reinstated) · OMAHA, NE 68114

Financials

$36K$77K2023$33K$43K2024
Revenue Expenses · by fiscal year end
Financials of FASHION ARTS COLLECTIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$32,592$42,543-$9,951$3,751–$3,751
December 31, 2023990-EZ$35,954$76,768-$40,814$13,702–$13,702
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$25,000
Membership dues
$3,550
Net income from fundraising events
$4,042

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$17,027
Professional fees and payments to contractors
$3,017
Occupancy
$16,639
Other expenses
$5,860

Balance sheet and other

Total assets, start of year
$13,702
Total assets, end of year
$3,751
Total liabilities, end of year
–
Net assets, end of year
$3,751
Cash, savings and investments
$3,751
Gross receipts
$32,592

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL C SCHILKENDirector0$0
ELEANOR SAM HOHMANDirector0$0
PAM FINNDirector0$0
SUSIE SHOEMAKERDirector0$0
BRIAN SHOEMAKERDirector0$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MICHAEL C SCHILKENDirector0$0
ELEANOR SAM HOHMANDirector0$0
PAM FINNDirector0$0
SUSIE SHOEMAKERDirector0$0
BRIAN SHOEMAKERDirector0$0

Address and contacts

Address (IRS master file)
9500 W DODGE RD STE 100, OMAHA, NE 68114-3328
In care of
% MICHAEL C SCHILKEN
Signed the 990-EZ
BRIAN SHOEMAKER, Director
Phone
(402) 342-4487
Return prepared by
Bret M Sewell CPA PC

Mission

FASHION ARTS COLLECTIVE WAS FORMED FOR THE PROMOTION OF EDUCATION THROUGH THE INSTRUCTION OR TRAINING OF THE INDIVIDUAL FASHION INDUSTRY SEGMENT FOR THE PURPOSE OF PROMOTING EDUCATION THROUGH THE PROMOTION OF ARTS AND CULTURE EXPRESSED IN THE AREA OF FASHION DESIGN.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • NURTURE ASPIRING DESIGNER TALENT BY SUPPORTING AND DEVELOPING THE MIDWEST FASHION ECOSYSTEM THROUGH PROGRAMS THAT OFFER CREATIVE INSPIRATION, TRAINING OPPORTUNITIES, RESOURCES AND BUSINESS INCUBATION TO UNLOCK THE CREATIVE ENTREPRENEURIAL POTENTIAL IN OUR YOUNG PEOPLE. GRANTS ARE ISSUED TO DESIGNERS FOR EXPENSES THAT FURTHER THEIR CREATIVITY, PRODUCTION, AND BUSINESSES AND MAY INCLUDE SUPPLIES, TRAVEL, AND PROFESSIONAL SERVICES. THE GRANTS ARE AWARDED ON A QUALIFIED BASIS.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
45-4025396
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$3,751
Income (IRS master file)
$32,592

Revocation and reinstatement

Exemption revoked
May 15, 2014
Posted by the IRS
August 11, 2014
Reinstated
Effective May 15, 2014

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$32,592$42,543$3,751IRS
990-EZDecember 2023$35,954$76,768$13,702XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4025396).

Questions about FASHION ARTS COLLECTIVE

What is the EIN of FASHION ARTS COLLECTIVE?
The employer identification number (EIN) of FASHION ARTS COLLECTIVE is 45-4025396.
Is FASHION ARTS COLLECTIVE tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
Are donations to FASHION ARTS COLLECTIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FASHION ARTS COLLECTIVE file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FASHION ARTS COLLECTIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FASHION ARTS COLLECTIVE last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of FASHION ARTS COLLECTIVE?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does FASHION ARTS COLLECTIVE have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $32,592, expenses of $42,543 and total assets of $3,751 at year end.

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